Latest Networking News

Felix Group lifted contracted ARR 10.6% year on year to $13.5 million in Q1 FY27, led by Nexvia and enterprise expansion. The software company ended September with $1.5 million in cash and estimated funding of just 1.12 quarters before the latest capital raising is fully available.

GenusPlus has completed its acquisition of New Zealand telecommunications contractor UCG, extending the group’s communications infrastructure footprint into New Zealand and the Pacific Islands. The upfront consideration was funded from existing cash reserves and a debt facility, but the company has not disclosed the purchase price or expected earnings contribution.

PARKD has secured two early-stage contracts, added Symal as its exclusive partner in Victoria and South Australia, and lifted pro forma cash to about A$850,000 through a strategic placement. The progress comes against a sharp liquidity squeeze, with just A$53,000 in cash at 30 September and funding equivalent to 0.21 quarters before the raise.

FirstWave Cloud Technology delivered positive EBITDA in its first FY27 quarter, but cash fell to just A$83,000 before a post-quarter A$1.06 million placement restored near-term liquidity. The company is now balancing product launches and AI commercialisation against A$1.3 million of contract renewals due in December.

Arafura Rare Earths has moved its Nolans rare earths project from financing decision to early construction, with A$700 million of procurement scope advanced during the September quarter. The company ended the period with A$885 million in cash and term deposits, while major debt and equity funding arrangements remain subject to completion conditions.

AUCyber returned to positive operating cash flow in Q1 FY27 while securing $2.16 million of university-sector managed security contracts. The result is encouraging, but the company still ended the quarter with only $782,000 in cash and relies partly on an unsecured 5G Networks facility.

Eden Innovations opened FY27 with US sales more than doubling to US$381,612, led by a sharp rise in OptiBlend orders and expanding EdenCrete plant installations. The company ended September with A$4.3 million in cash and no third-party debt, but still used A$892,000 in operating cash during the quarter.

Reece delivered 4.3% sales growth in the first quarter of FY27, powered by a 12.8% increase across Australia and New Zealand. The US remained subdued, while management flagged a cautious view of the second half.

OMG Group has confirmed its first positive quarterly EBITDA, with Q1 FY27 sales rising 59% to approximately $1.92 million and gross profit growing faster than revenue. The result marks an earnings milestone, but operating cash flow remained negative as the company invested heavily in inventory and supplier deposits.

A US$1.536 million US Government grant will fund a two-year campaign to attract investment, commercial partners and engineering expertise to PhosCo’s Gasaat phosphate project in Tunisia. The opportunity is significant, but the money goes to adviser CrossBoundary and does not guarantee funding for PhosCo.

Wrkr’s platform activity accelerated sharply in the first quarter of Payday Super, with contributing TFNs nearly tripling and estimated ARR reaching A$17 million. The next test is converting that adoption into transaction revenue while bringing cash costs down.

Algorae Pharmaceuticals has moved closer to its first expected NSW Health supply orders while reporting stronger preclinical results from its AOS2 drug-discovery platform. The company ended September with $3.15 million in cash and a further $3 million undrawn facility, but its commercial contract carries no minimum volume commitment.